CHOICEONE FINANCIAL SVCS INC (COFS) Stock Fundamental Analysis
USA - NASDAQ:COFS - US1703861062 - Common Stock
29.33 USD
-0.04 (-0.14%)
29.33 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to COFS. COFS was compared to 388 industry peers in the Banks industry. COFS may be in some trouble as it scores bad on both profitability and health. COFS is growing strongly while it is still valued neutral. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year COFS was profitable.
COFS had a positive operating cash flow in the past year.
COFS had positive earnings in each of the past 5 years.
Each year in the past 5 years COFS had a positive operating cash flow.
1.2 Ratios
COFS's Return On Assets of 0.33% is on the low side compared to the rest of the industry. COFS is outperformed by 83.51% of its industry peers.
The Return On Equity of COFS (3.27%) is worse than 82.99% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.33% | ||
| ROE | 3.27% | ||
| ROIC | N/A |
ROA(3y)0.93%
ROA(5y)0.91%
ROE(3y)11.71%
ROE(5y)10.39%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
COFS has a worse Profit Margin (11.44%) than 80.67% of its industry peers.
In the last couple of years the Profit Margin of COFS has grown nicely.
The Operating Margin and Gross Margin are not available for COFS so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 11.44% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y1.55%
PM growth 5Y8.3%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
COFS does not have a ROIC to compare to the WACC, probably because it is not profitable.
COFS has more shares outstanding than it did 1 year ago.
The number of shares outstanding for COFS has been increased compared to 5 years ago.
Compared to 1 year ago, COFS has an improved debt to assets ratio.
2.2 Solvency
COFS has a debt to FCF ratio of 2.97. This is a good value and a sign of high solvency as COFS would need 2.97 years to pay back of all of its debts.
The Debt to FCF ratio of COFS (2.97) is worse than 60.57% of its industry peers.
A Debt/Equity ratio of 0.11 indicates that COFS is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.11, COFS is doing good in the industry, outperforming 66.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 2.97 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC12.04%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 11.71% over the past year.
The Earnings Per Share has been growing by 15.52% on average over the past years. This is quite good.
The Revenue has grown by 14.41% in the past year. This is quite good.
Measured over the past years, COFS shows a very strong growth in Revenue. The Revenue has been growing by 20.14% on average per year.
EPS 1Y (TTM)11.71%
EPS 3Y4.36%
EPS 5Y15.52%
EPS Q2Q%14.12%
Revenue 1Y (TTM)14.41%
Revenue growth 3Y5.01%
Revenue growth 5Y20.14%
Sales Q2Q%78.14%
3.2 Future
The Earnings Per Share is expected to grow by 4.21% on average over the next years.
COFS is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 24.18% yearly.
EPS Next Y10.75%
EPS Next 2Y4.44%
EPS Next 3Y4.21%
EPS Next 5YN/A
Revenue Next Year75.05%
Revenue Next 2Y37.38%
Revenue Next 3Y24.18%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 8.31, the valuation of COFS can be described as very reasonable.
Based on the Price/Earnings ratio, COFS is valued cheaper than 89.43% of the companies in the same industry.
COFS is valuated cheaply when we compare the Price/Earnings ratio to 26.28, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 8.27 indicates a reasonable valuation of COFS.
Compared to the rest of the industry, the Price/Forward Earnings ratio of COFS indicates a somewhat cheap valuation: COFS is cheaper than 78.09% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 33.61, COFS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.31 | ||
| Fwd PE | 8.27 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, COFS is valued a bit more expensive than 76.03% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.09 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
COFS's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.77
PEG (5Y)0.54
EPS Next 2Y4.44%
EPS Next 3Y4.21%
5. Dividend
5.1 Amount
COFS has a Yearly Dividend Yield of 3.81%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.38, COFS pays a bit more dividend than its industry peers.
COFS's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.81% |
5.2 History
The dividend of COFS has a limited annual growth rate of 0.25%.
COFS has been paying a dividend for at least 10 years, so it has a reliable track record.
COFS has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.25%
Div Incr Years13
Div Non Decr Years15
5.3 Sustainability
94.26% of the earnings are spent on dividend by COFS. This is not a sustainable payout ratio.
The dividend of COFS is growing, but earnings are growing more, so the dividend growth is sustainable.
DP94.26%
EPS Next 2Y4.44%
EPS Next 3Y4.21%
29.33
-0.04 (-0.14%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners41.77%
Inst Owner Change0.09%
Ins Owners5.5%
Ins Owner Change0.36%
Market Cap440.54M
Revenue(TTM)92.44M
Net Income(TTM)14.13M
Analysts84.44
Price Target36.04 (22.88%)
Short Float %1.76%
Short Ratio3.13
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.81% |
Yearly Dividend1.09
Dividend Growth(5Y)0.25%
DP94.26%
Div Incr Years13
Div Non Decr Years15
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.24%
Min EPS beat(2)8.09%
Max EPS beat(2)14.38%
EPS beat(4)3
Avg EPS beat(4)7.24%
Min EPS beat(4)-6.12%
Max EPS beat(4)14.38%
EPS beat(8)6
Avg EPS beat(8)8.86%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-1.21%
Min Revenue beat(2)-3.71%
Max Revenue beat(2)1.29%
Revenue beat(4)2
Avg Revenue beat(4)1.14%
Min Revenue beat(4)-3.71%
Max Revenue beat(4)7.52%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.95%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)1.45%
EPS NY rev (3m)3.74%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.06%
Revenue NY rev (1m)1.54%
Revenue NY rev (3m)0.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.31 | ||
| Fwd PE | 8.27 | ||
| P/S | 3.57 | ||
| P/FCF | 27.09 | ||
| P/OCF | 21.94 | ||
| P/B | 1.02 | ||
| P/tB | 1.62 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.53
EY12.04%
EPS(NY)3.54
Fwd EY12.09%
FCF(TTM)1.08
FCFY3.69%
OCF(TTM)1.34
OCFY4.56%
SpS8.22
BVpS28.75
TBVpS18.08
PEG (NY)0.77
PEG (5Y)0.54
Graham Number47.78
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.33% | ||
| ROE | 3.27% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 11.44% | ||
| GM | N/A | ||
| FCFM | 13.16% |
ROA(3y)0.93%
ROA(5y)0.91%
ROE(3y)11.71%
ROE(5y)10.39%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y1.55%
PM growth 5Y8.3%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 2.97 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 24.98% | ||
| Cap/Sales | 3.09% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 115.03% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score5
WACC12.04%
ROIC/WACCN/A
Cap/Depr(3y)18.86%
Cap/Depr(5y)20.56%
Cap/Sales(3y)2.84%
Cap/Sales(5y)2.9%
Profit Quality(3y)186.62%
Profit Quality(5y)152.18%
High Growth Momentum
Growth
EPS 1Y (TTM)11.71%
EPS 3Y4.36%
EPS 5Y15.52%
EPS Q2Q%14.12%
EPS Next Y10.75%
EPS Next 2Y4.44%
EPS Next 3Y4.21%
EPS Next 5YN/A
Revenue 1Y (TTM)14.41%
Revenue growth 3Y5.01%
Revenue growth 5Y20.14%
Sales Q2Q%78.14%
Revenue Next Year75.05%
Revenue Next 2Y37.38%
Revenue Next 3Y24.18%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-64.07%
FCF growth 3Y10.34%
FCF growth 5Y40.98%
OCF growth 1Y-58.1%
OCF growth 3Y8.87%
OCF growth 5Y39.52%
CHOICEONE FINANCIAL SVCS INC / COFS FAQ
What is the fundamental rating for COFS stock?
ChartMill assigns a fundamental rating of 4 / 10 to COFS.
Can you provide the valuation status for CHOICEONE FINANCIAL SVCS INC?
ChartMill assigns a valuation rating of 5 / 10 to CHOICEONE FINANCIAL SVCS INC (COFS). This can be considered as Fairly Valued.
What is the profitability of COFS stock?
CHOICEONE FINANCIAL SVCS INC (COFS) has a profitability rating of 3 / 10.
What is the valuation of CHOICEONE FINANCIAL SVCS INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for CHOICEONE FINANCIAL SVCS INC (COFS) is 8.31 and the Price/Book (PB) ratio is 1.02.
Is the dividend of CHOICEONE FINANCIAL SVCS INC sustainable?
The dividend rating of CHOICEONE FINANCIAL SVCS INC (COFS) is 6 / 10 and the dividend payout ratio is 94.26%.